Petrodollars and Profit: Rethinking Political Economy through the Middle East

Review by Max Ajl of Jonathan Nitzan and Shimshon Bickler’s The Scientist and the Church. Originally published at Jadaliyya Howard Page, a director at what was then Exxon, was once asked, “What would have happened if Iraq production had also surged during the 1960’s,” like that of Saudi Arabia and Iran. He responded, “I admit Continue Reading

Is Hollywood running out of risk?

Shimshon Bichler and Jonathan Nitzan Repost from Real-World Economics Review Blog If we are to believe the conventional creed, Hollywood films are highly risky investments. According to De Vany, revenue forecasts have zero precision, which is just a way of saying that ‘anything can happen’. . . . The ‘nobody knows’ principle . . . is revealed in the infinite Continue Reading

Patriarchy above the glass ceiling

The logic of accumulation is not the only logic that motivates capitalists. As fully actualized human beings, they remain complex in their desires. Rather, the logic of accumulation is dominant and, Nitzan and Bichler argue, pervasive and ascendant; increasingly operating beyond the business domain. However, the other logics, or principles of behaviour, that inform people’s Continue Reading

Accumulatory Struggles in the Labratory

A systemic review [PDF] of systemic reviews of scientific literature on the relationship between sugar and obesity found, unsurprisingly, that there is bias in the reviews conducted on behalf of the sugar business. The review’s conclusion reads: “Financial conflicts of interest may bias conclusions from SRs [systemic reviews] on SSB [sugar-sweetened beverages] consumption and weight Continue Reading